A Voluntary Corporate Governance Code (the "Code") for the Irish investment funds industry has been issued today. The Code has been formulated by the Irish Funds Industry Association (the "IFIA") in consultation with the Central Bank of Ireland (the"Central Bank").

This follows similar corporate governance initiatives driven by the Central Bank in the areas of banking and insurance and comes in the wake of the recent enhancements to the fitness and probity regime introduced on 1 December 2011. These measures collectively reflect the aim of the Central Bank to ensure that high standards of corporate governance are set across the financial services sector in Ireland.